Tuesday afternoon's back-and-forth trading in U.S. stocks resulted in a mixed finish as Wall Street considered
The Dow Jones Industrial Average (DJI) lost roughly 150 points, or 0.4%, while the S&P 500 (GSPC) ended slightly below the flatline.
The heavily tech-focused Nasdaq Composite (IXIC) increased by 0.6%. All three averages reversed earlier session losses that were greater.
The benchmark 10-year note's yield increased, rising by around 4 basis points to about 3.76%.
The January Consumer Price Index (CPI), which was announced by the Bureau of Labor Statistics on Tuesday morning,
indicated that prices increased 0.5% in January and 6.4% overall, more than what economists had predicted.
The volatile food and energy components of the report are excluded from the core CPI, which increased by 0.4% from the previous month
and 5.6% from the previous year, both higher than expected. According to Bloomberg consensus forecasts,